Michael Saylor’s Strategy Buys More Bitcoin Despite Price Drop
Michael Saylor’s company, Strategy, has once again added more Bitcoin to its reserves.
- The company bought 3,018 BTC between August 18–24, spending $356.9 million at an average price of $115,829 per Bitcoin.
- This purchase was much larger than the company’s recent buys — 430 BTC last week and 155 BTC the week before.
- After this, Strategy now owns 632,457 BTC, worth about $71.1 billion. This is around 53% higher than the company’s original investment of $46.5 billion.
Saylor highlighted that his company’s Bitcoin-focused strategy has also boosted its stock performance. Over the past five years, Strategy’s shares have outperformed not only Bitcoin itself but also major tech stocks like the “Magnificent 7.”
Other companies are following this path:
- Metaplanet in Japan recently bought another 103 BTC, bringing its total to nearly 19,000 BTC.
- Some firms are even applying this treasury strategy to altcoins. SharpLink, for example, holds over 740,000 ETH. Meanwhile, Galaxy Digital, Jump Crypto, and Multicoin Capital are preparing a big $1 billion Solana purchase.
However, not all signals are positive. The CryptoQuant Bull Score Index, which measures Bitcoin’s market cycle, has dropped to 40, entering the “getting bearish” phase.
At the same time, Bitcoin’s price has slipped further, now trading around $110,900.
